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Extra Credit Wednesday Edition

Market Movers

by Felix Salmon
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Nov 07 2007 12:00am EDT

Extra Credit, Wednesday Edition

GM Watch, Again: Foreclosures and Fees: Tanta on Morgenson. "High rates of foreclosure and bankruptcy are money-losers for mortgage servicers, not profit centers".

More Bank, Brokerage Writedowns, Ratings Cuts Inevitable

The dollar hits an all-time low against the Deutschmark

Price Discrimination 101: On the economics of rude waiters.

How Not to Follow the Example of Ocean’s 11: "When the students went to see “Ocean’s 12,” undercover agents were seated right behind them in the theater, eavesdropping as the young criminals made comments like “Oh, this is just like us.” All four were eventually arrested and are serving seven-year prison sentences."

Impressionist and Modern paintings fetch $350 million at Christie's: No sign of auction-market weakness just yet.

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